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Company accounts reveal it made profits of US$568 million last year.
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Read more.Quote:
Company accounts reveal it made profits of US$568 million last year.
With profit that high, the idea of even going public seems pretty dumb to me. Curious if it's just another matter of greed by the owners. If I had a software company making money like that, the last thing I'd want to have to do is answer to share holders for future decisions.
This is money grabbing opportunity for the company while the money is coming in. Then the owners will pocket the money from floatation and let the company dive and the investors will pay the price.
This pretty much.Quote:
Originally Posted by Brewster0101
If it goes to market with a high value, owners pocket the profits from the IPO, then when the business tanks, they take a small percentage of the hit. Or none at all if they just sell it all off
I hope they crash and burn http://www.candyswipe.com/king.html
They also made the Banner Saga drop the word "Saga". I would have absolutely no faith in the company. They seem to lack integrity. I'd also be highly suspect of a 70 fold increase in profit.
Quote:
Originally Posted by Tunnah
Totally agree - utterly odious "one trick pony" of a company which I strongly suspect will fall just as quickly as it rose. The only plus - as I see it - of this IPO is that we'll get the amusement factor watching a lot (?) of rich idiots losing their shirts when it tanks, (which it will, IP trollery is NOT a sustainable business model long-term).Quote:
Originally Posted by Brewster0101
I continually become amazed at how much money people spend on silly mobile games
This exactly.Quote:
Originally Posted by TralderaThis pretty much.Quote:
Originally Posted by Brewster0101
If it goes to market with a high value, owners pocket the profits from the IPO, then when the business tanks, they take a small percentage of the hit. Or none at all if they just sell it all off
Hmmmm, I wonder who owns King Corp ????
Candy Crush is too addictive and has enticed many people I know into buying lives which doesn't surprise me about making that much profit especially when there is adverts in it. Personally I hate this game as I am terrible at it and gave up at like level 60 lol